blueskyline Posted June 11, 2013 Report Share Posted June 11, 2013 http://www.google.com/url?sa=t&rct=j&q=kuna%20kuwait%20to%20issue%20new%20banknotes&source=web&cd=1&cad=rja&ved=0CC8QqQIwAA&url=http%3A%2F%2Fwww.arabtimesonline.com%2FNewsDetails%2Ftabid%2F96%2Fsmid%2F414%2FArticleID%2F197152%2Freftab%2F36%2Ft%2FKuwait-to-issue-new-banknotes%2FDefault.aspx&ei=yI63UeezDcu30QHYvIHYDw&usg=AFQjCNEw_fPLsx8IZVkyLIVP3pAj-6-neA I guess since kuwait is issuing new notes they are losing value too right ? 1 Link to comment Share on other sites More sharing options...
The Machine Posted June 11, 2013 Report Share Posted June 11, 2013 http://www.google.com/url?sa=t&rct=j&q=kuna%20kuwait%20to%20issue%20new%20banknotes&source=web&cd=1&cad=rja&ved=0CC8QqQIwAA&url=http%3A%2F%2Fwww.arabtimesonline.com%2FNewsDetails%2Ftabid%2F96%2Fsmid%2F414%2FArticleID%2F197152%2Freftab%2F36%2Ft%2FKuwait-to-issue-new-banknotes%2FDefault.aspx&ei=yI63UeezDcu30QHYvIHYDw&usg=AFQjCNEw_fPLsx8IZVkyLIVP3pAj-6-neA I guess since kuwait is issuing new notes they are losing value too right ? That all depends on the number on the note ..... 1 Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted June 11, 2013 Author Report Share Posted June 11, 2013 I think Iraq will announce they're completely dropping the IQD and the USD and moving to using the Chinese Yuan for the time being until the new BRICS currency is created. 1 Link to comment Share on other sites More sharing options...
caz1104 Posted June 11, 2013 Report Share Posted June 11, 2013 Seems The Ride Is Soon Over. Whether Its Boom Or Bust, Rd Or Rv, We Will See A Conclusion. Still Havent Seen A New Currency Code.... Regardless of outcome I'm ready for closure-peace 1 Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted June 11, 2013 Author Report Share Posted June 11, 2013 http://www.google.com/url?sa=t&rct=j&q=kuna%20kuwait%20to%20issue%20new%20banknotes&source=web&cd=1&cad=rja&ved=0CC8QqQIwAA&url=http%3A%2F%2Fwww.arabtimesonline.com%2FNewsDetails%2Ftabid%2F96%2Fsmid%2F414%2FArticleID%2F197152%2Freftab%2F36%2Ft%2FKuwait-to-issue-new-banknotes%2FDefault.aspx&ei=yI63UeezDcu30QHYvIHYDw&usg=AFQjCNEw_fPLsx8IZVkyLIVP3pAj-6-neA I guess since kuwait is issuing new notes they are losing value too right ? Maybe there sharing the same notes Link to comment Share on other sites More sharing options...
caz1104 Posted June 11, 2013 Report Share Posted June 11, 2013 (edited) If this is true, what a gut-punch....... I concur............if true. Just finish this By the way...........good to see you posting Edited June 11, 2013 by caz1104 1 Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted June 11, 2013 Author Report Share Posted June 11, 2013 Regardless of outcome I'm ready for closure-peace Amen to that Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted June 11, 2013 Report Share Posted June 11, 2013 There have been five issues of Kuwaiti currency notes since the introduction of a state legal tender on the matter in 1961. The fifth and current issue was released in 1994 http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/197152/reftab/36/t/Kuwait-to-issue-new-banknotes/Default.aspx Wow, I didn't even know their was an Arab Times. Interesting read, and unless I'm not to mistaken the quoted statement shows what I was saying earlier. A note is not, legal tender, until it has been issued by the state. Therefore, this article can in no way be talking about the value of the new dinar notes, only the fact that they exist. 4 Link to comment Share on other sites More sharing options...
TQueezy Posted June 11, 2013 Report Share Posted June 11, 2013 There have been five issues of Kuwaiti currency notes since the introduction of a state legal tender on the matter in 1961. The fifth and current issue was released in 1994 http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/197152/reftab/36/t/Kuwait-to-issue-new-banknotes/Default.aspx Wow, I didn't even know their was an Arab Times. Interesting read, and unless I'm not to mistaken the quoted statement shows what I was saying earlier. A note is not, legal tender, until it has been issued by the state. Therefore, this article can in no way be talking about the value of the new dinar notes, only the fact that they exist. But what would the numbers on the notes imply if not the supposed value when they are issued? I mean, no matter what way you slice it; a 50 dinar not is 50 dinars. Unless they change their basic fundamental unit of measurement for currency. I mean... I just don't get your point really. The value of a currency is based on a number of factors, most importantly, it's relative value compared to a stable world reserve currency, like the US dollar. That's what stands to be determined upon issuance of the notes, not what heir face value numbers indicate... Link to comment Share on other sites More sharing options...
Boozer Posted June 11, 2013 Report Share Posted June 11, 2013 (edited) Ok Im not sure what this has to do with anything, but could this be why the new notes might come out July. sorry so small just right click. look at closing date is 06/30/2013 Edited June 11, 2013 by Boozer 3 Link to comment Share on other sites More sharing options...
Frogee Posted June 11, 2013 Report Share Posted June 11, 2013 Good to hear from you Sonny1. Everybody says how glad they will be when the ride is over, but I will truly miss visiting this site (many times a day) and ALL the people on it. NOT that I could not use a good payday, "just sayin" Link to comment Share on other sites More sharing options...
JMULS31 Posted June 11, 2013 Report Share Posted June 11, 2013 Wow, that's huge. They kind of have to RV there currency if here going to release the lower bills. Imagine trying to pay for a loaf of bread with coins or 5 dinar notes at the price it's at now? You would need a wheel barrel. Lol 1 Link to comment Share on other sites More sharing options...
TLHUBER Posted June 11, 2013 Report Share Posted June 11, 2013 If they do re-denominate can we return our Dinars for a refund, if we bought them from a company and not a bank? Anyone know? Link to comment Share on other sites More sharing options...
EagleEye Posted June 11, 2013 Report Share Posted June 11, 2013 img019.jpg Ok Im not sure what this has to do with anything, but could this be why the new notes might come out July. sorry so small just right click. look at closing date is 06/30/2013 interesting find Boozer TY....not sure that I've seen this one before Link to comment Share on other sites More sharing options...
icfaith Posted June 11, 2013 Report Share Posted June 11, 2013 Am I actually the only one here that clearly sees the word, redenominated , as simply stating that these new notes simply have a lower denomination or number on them? Instead of value to them. Come on peeps work with me here, The Iraqi Government formed a Committee to set the value of the Iraqi dinar 2013-06-10 Read more: http://dinarvets.com/forums/index.php?/topic/150997-the-iraqi-government-formed-a-committee-to-set-the-value-of-the-iraqi-dinar/#ixzz2Vw9q6H2B The topic article tells us the notes are, and have been for a while, printed. The second one tells us that the powers that be in Iraq are to determine the value. Why is it that some just don't want to see what is plainly before there eyes. I definitely agree. We have to look at who is running this. We (the USA) is. We did the same thing not so long ago with our currency. When the value of a currency is lowered (which is raise in value against the US $) as what will happen with the Iraq currency and with what happened with our US currency not long ago, they will come out with currency with lower numbers. We, the USA used to have a $500 and a $1000 bills and higher ones prior to these. When the rate of value changed as what will happen in Iraq, meaning that the value changes from 1166 dinar = $1 to 1 Dinar = $1 then it is not necessary to have the 25,000 and 10,000 and 5,000 and 1,000 Dinar notes as most beside the very wealthy will have any need for these. Hence the reason to print out Dinar notes like the 1 Dinar up to the 200 Dinar notes. Everything in Iraq that is purchased will adjust to what the rate is. This is not a currency that will replace but a currency that will be more accommodating for the situation of raising the value of the Iraq Dinar against the US Dollar. Iraq has gone to great lengths to purposely devalue the dinar on the streets of Iraq to make the citizens want to trade it in for the US Dollar. Simple reason is the more the citizens turn in the Iraqi Dinars, these do not go back out on the streets. They are destroyed. Then when they raise the value of the Iraqi Dinar, the citizens will want the Dinar back and turn in the US Dollars. Here is when they will give the citizens the new lower denoms which will be easier for the citizens to use and carry around just like the 1's, 5's, 10's and 20's that you carry in your wallet. Even knowing there is still $1,000 US bills out there, just not really anyone needing to walk around with one or even feel safe to walk around with one. And to this day you can take a $1,000 US bill to the bank and get $1,000 in smaller bills. Of course collectors will pay you more for it as a collective item. This is why the Iraq citizens will receive the new lower denoms and the value of our larger dinars (25,000 and such) will still receive the value when it raises. The new currency is not to replace but to enhance the economy. 6 Link to comment Share on other sites More sharing options...
staunch Posted June 11, 2013 Report Share Posted June 11, 2013 Not trying to be negative, but if this article is a year old, how can anything stated in it be taken seriously? I mean, they change their plans 5 times a week so why would they keep the same plan from a year ago? Is there other more recent articles that lead us to believe they are still riding this train? I'm with everyone else.......I just wish they would do something! 2 Link to comment Share on other sites More sharing options...
pontiyak Posted June 11, 2013 Report Share Posted June 11, 2013 No offence but this was posted in July 2012. still...I'll give ya a + The best things in life RV yak Link to comment Share on other sites More sharing options...
uncirculd Posted June 12, 2013 Report Share Posted June 12, 2013 Dangit! rofl Link to comment Share on other sites More sharing options...
fib1618 Posted June 12, 2013 Report Share Posted June 12, 2013 rofl Why u laughing? Link to comment Share on other sites More sharing options...
Sweet baby dinar Posted June 12, 2013 Report Share Posted June 12, 2013 Why would Iraq be announcing to the world a massive short-term appreciation in value of the dinar? It makes no sense, economically. People would fly in and buy up dinar and profit off of Iraq without any measure of restraint. Kinda like they have been already, right? Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted June 12, 2013 Report Share Posted June 12, 2013 But what would the numbers on the notes imply if not the supposed value when they are issued? I mean, no matter what way you slice it; a 50 dinar not is 50 dinars. Unless they change their basic fundamental unit of measurement for currency. I mean... I just don't get your point really. The value of a currency is based on a number of factors, most importantly, it's relative value compared to a stable world reserve currency, like the US dollar. That's what stands to be determined upon issuance of the notes, not what heir face value numbers indicate... Exactly, that is what they have been saying for yrs. What that measure will be is yet to be determined. But simply printing lower denominations in NO WAY implies whether they intend to revalue or do what is commonly referred to here as L O P. When you consider the article stating that they have now created a committee to find the value of the dinar, it seems that even the ptb in Iraq don't know which way this will go. Though I strongly believe the real power in charge of this does. That being the IMF, yet even they are just a tool in the hand of powers and principalities. 3 1 Link to comment Share on other sites More sharing options...
sandfly Posted June 12, 2013 Report Share Posted June 12, 2013 IT SOUNDS GOOD WAIT AND SEE Link to comment Share on other sites More sharing options...
abby01 Posted June 12, 2013 Report Share Posted June 12, 2013 Is this a re-post of the 2012 article or was this recently printed in the news? Link to comment Share on other sites More sharing options...
saradise Posted June 12, 2013 Report Share Posted June 12, 2013 My thoughts exactly!!!! Go RV!! Link to comment Share on other sites More sharing options...
fib1618 Posted June 12, 2013 Report Share Posted June 12, 2013 What about the money supply? Link to comment Share on other sites More sharing options...
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